Brown Advisory Inc. Has $359,000 Stake in W. R. Berkley Co. (NYSE:WRB)

Brown Advisory Inc. grew its holdings in W. R. Berkley Co. (NYSE:WRBFree Report) by 35.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,069 shares of the insurance provider’s stock after purchasing an additional 1,336 shares during the period. Brown Advisory Inc.’s holdings in W. R. Berkley were worth $359,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in WRB. Principal Financial Group Inc. increased its holdings in shares of W. R. Berkley by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 243,652 shares of the insurance provider’s stock valued at $15,469,000 after purchasing an additional 9,792 shares during the period. Private Advisor Group LLC increased its holdings in W. R. Berkley by 45.3% in the third quarter. Private Advisor Group LLC now owns 10,174 shares of the insurance provider’s stock worth $646,000 after buying an additional 3,172 shares during the last quarter. Corient Private Wealth LLC increased its holdings in W. R. Berkley by 7.4% in the third quarter. Corient Private Wealth LLC now owns 110,691 shares of the insurance provider’s stock worth $7,028,000 after buying an additional 7,643 shares during the last quarter. Signaturefd LLC increased its holdings in W. R. Berkley by 43.4% in the third quarter. Signaturefd LLC now owns 3,336 shares of the insurance provider’s stock worth $212,000 after buying an additional 1,010 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in W. R. Berkley in the third quarter worth approximately $254,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

W. R. Berkley Stock Up 0.6 %

WRB opened at $79.29 on Monday. W. R. Berkley Co. has a 1-year low of $55.50 and a 1-year high of $89.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.03 and a beta of 0.60. The business has a 50 day moving average of $81.99 and a 200-day moving average of $78.26.

W. R. Berkley (NYSE:WRBGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The insurance provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.10. W. R. Berkley had a return on equity of 20.51% and a net margin of 12.23%. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business earned $1.00 earnings per share. W. R. Berkley’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that W. R. Berkley Co. will post 5.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WRB shares. UBS Group increased their price objective on W. R. Berkley from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Truist Financial dropped their price objective on W. R. Berkley from $95.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. Keefe, Bruyette & Woods dropped their price objective on W. R. Berkley from $88.00 to $86.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Evercore ISI upped their target price on W. R. Berkley from $83.00 to $89.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company decreased their target price on W. R. Berkley from $99.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.38.

View Our Latest Analysis on W. R. Berkley

W. R. Berkley Profile

(Free Report)

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines.

See Also

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Institutional Ownership by Quarter for W. R. Berkley (NYSE:WRB)

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